Sarf will introduce its P2P Exchange
The cryptocurrency market is a new playing field. With the growing popularity of the cryptomarket, a large number of fiat to cryptocurrencies exchanges has been designed on a global scale. The total market capitalization of the cryptocurrencies contributes significantly to the favourable business environment in financial segment since consumers can use cryptocurrencies as a daily payment method as well. Nevertheless, the efficiency of an exchange is assessed with at least one out of three measures: algorithms accuracy and reliability, the use of high-frequency data, customer support and visualization tools.
In the face of success in this area, cryptocurrency exchanges have recently gained greater popularity, particularly those that offer a wide range of services and operate both well-established and less popular cryptocurrency trading pairs. Sarf Exchange introduces a new currency exchange based on Stellar consensus protocol driven by the native SRF token.
Sarf's model and implementation
An original feature of the model is that it has been organized around a concept of stable token, thus, SRF token will be linked to the national currency supported by the internal exchange system. This enables payment operations with SRF regardless of the currency course.
To use an exchange, registered users will need to connect their funds to the Sarf Wallet (SWallet). Both private and public keys will be generated to use the wallet. That is, users will be able to use a public key as a wallet address for money transferring. It goes without saying that a private key should be kept in secret. Another option is a Sarf Card that can be connected to the wallet. The SWallet application is developed both for iOS and Android.
P2P exchange scheme
The Sarf Application is primarily designed as a twofold solution – the exchange and the digital SWallet, whereas the exchange is the core component of the system. The user can interact with the Sarf Exchange through the Sarf Application, which is available for Windows and Linux as well. Once the exchange rate for a currency pair has been provided, users can initiate the exchange on Sarf. Exchange services will be offered at a fixed fee. Collected fees are supposed to be redistributed by the end of each month.
Stable tokens to fiat exchange model
Token funds can be generally exchanged to fiat. For this, funds will be first collected in the Safety Box. In addition, users including companies will be able to design their own tokens and add them to the network. The transaction fee for these types of tokens, however, will be set at almost twice the rate compared with normal transactions.
Token Sale Plan
The Pre-sale round worth $1mln has been successfully closed. Main public sale will start on October 15 and end on November 7, 2018.
The potential of exchange as a concept is almost unlimited since a lot of new features can be added to a platform. In this light, we would recommend the team to provide economic feasibility and competitive analysis to enhance the analysis of qualitative benefits of the exchange they offer.
Links:
Website: https://sarf.io
WhitePaper: https://sarf.io/assets/files/white-paper.pdf
Telegram: https://t.me/SarfProject
Facebook: https://www.facebook.com/Sarf-210164483033280
Twitter: https://twitter.com/SarfProject
Medium: https://medium.com/@sarf
ANN: https://bitcointalk.org/index.php?topic=4700950
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.